SpareBank 1 Sørøst-Norge

Capital/Financing Update • Apr 6, 2022

Successful issuance of Tier 2 bond

Successful issuance of Tier 2 bond

SpareBank 1 Sørøst-Norge refers to the press release of 6 April 2022.

The bank has today issued a new Tier 2 bond of NOK 350 million, with a floating rate coupon. The coupon is equal to 3 months Nibor + 1.35 percentage points p.a.

Settlement date is 12 April 2022, and the bond has a first call option for the issuer on 12 April 2027, subject to approval from the Financial Supervisory Authority of Norway, if required.

The new issue has been approved by the bank's General Meeting. The bonds will be applied for listing on Nordic ABM.

DNB Markets acted as Sole Manager.

Tønsberg, 6 April 2022.

Contact persons in SpareBank 1 Sørøst-Norge:

Deputy CEO Geir Årstein Hansen, telephone +47 913 22 137.

Acting Head of Finance Mona Storbrua, telephone +47 916 39 833.